The level of risk taken within an investment portfolio is a key factor in determining its composition and the resulting performance over time.

In order to construct appropriate risk-weighted portfolios for our clients, we use a sophisticated profiling tool that defines portfolio-risk as the aggregate volatility of each asset within a portfolio. These risk-profiling techniques may be referred to as quantitative.

Overlaying the impact of this approach on clients' portfolios is qualitative input from each investment manager and tactical asset allocation calls from our Investment Committee.

Clients' portfolios are subject to ongoing monitoring.